$285,000
SOLD JUN 13, 2025

166 State St Rutland, VT 05701

5 Beds
5 Baths
2,700 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$106 Per Sq Ft

2% Above List Price

59 Days on Market

About This Home

As of June 2025

Investor Opportunity in Rutland City! 166 State Street is a 5-unit multifamily property with a strong rental history and solid numbers. With a gross annual income of $54,000 and expenses currently at $24,552, this property nets $29,448 annually—offering a 10.55% cap rate at the asking price. Rents are currently below market, presenting immediate potential for increased returns. Expenses could also be streamlined for even better performance. Whether you're looking to expand your portfolio or dive into multi-unit investing, this one is well worth a look. Motivated seller—bring your offers and let’s make a deal!

Last Agent to Sell the Property

Betsy Adamovich

Real Broker LLC License #082.0135053 Listed on: 04/14/2025

Last Buyer's Agent

Mike Kalil

Watson Realty & Associates License #081.0095645

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,412

Year Built

  • Built in 1910

Parking

  • Gravel Driveway

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof

Interior Spaces

  • Property has 2 Levels
  • Basement
  • Interior Basement Entry

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • Baseboard Heating
  • High Speed Internet

Additional Features

  • 9,148 Sq Ft Lot
  • City Lot

Community Details

Overview

  • 5 Units

Building Details

  • Gross Income $54,000
  • Net Operating Income $29,448

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,412

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1910
  • Display On Internet: High Speed Intrnt -Avail
  • Architectural Style: Multi-Family
  • ResoLotFeatures: City Lot, Sidewalks, In Town, Near Shopping, Near Skiing, Near Public Transit, Near Hospital, Near School(s)
  • Road Frontage Type: Paved, Public
  • MLS Status: (20) Closed - Closed
  • Above Grade Finished Sq Ft: 2100.0
  • Unit Levels: Two
  • ResoPropertyCondition: Existing
  • Flood_Zone: Land Only
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • SqFt_Apx_Total_Finished: 2700
  • SqFt_Apx_Unfn_Above_Grade: 0
  • SqFt_Apx_Unfn_Below_Grade: 500
  • SqFt_Apx_Total: 3200
  • Basement_Access_Type: Interior
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 5
  • Basement: Partially Finished
  • Basement YN: Yes
  • Below Grade Sq Ft: 600.0

Exterior Features

  • Driveway: Gravel
  • Roof: Slate
  • Construction Type: Wood Frame
  • Foundation Details: Stone

Garage/Parking

  • Attached Garage: No

Utilities

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Baseboard
  • Cooling: None
  • Utilities: Cable Available, Phone Available
  • Water Source: Public

Lot Info

  • Surveyed: Unknown
  • Zoning: industrial
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9148.0

Multi Family

  • Gross Income: 54000.0
  • Number Of Units Total: 5
  • Net Operating Income: 29448.0

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 5412.4

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 Sold $285,000 +2.2% $106 / Sq Ft
04/14/2025 04/14/25 For Sale $279,000 -- $103 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Betsy Adamovich

    Seller's Agent in 2025

    Betsy Adamovich

    Real Broker LLC

    (802) 772-0330

    20 in this area

    83 Total Sales

    Betsy Adamovich
    Section Image
  • Mike Kalil

    Buyer's Agent in 2025

    Mike Kalil

    Watson Realty & Associates

    (802) 342-8899

    73 in this area

    111 Total Sales

    Mike Kalil
    Section Image
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Map

Source: PrimeMLS

MLS Number: 5036190

PrimeMLS
Vermont Rutland County Rutland 05701

166 State St, Rutland, VT

This home is located at 166 State St, Rutland, VT 05701 and is currently priced at $285,000, approximately $105 per square foot. This property was built in 1910. 166 State St is a home located in Rutland County with nearby schools including Rutland Intermediate School, Rutland Middle School, and Rutland Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

PrimeMLS Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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